The Daily Fozzy Method

Quoting alcastro

Disliked

Beach,

I have been and out of here...and you know it. But I have to say something. I have to take off my hat and congratulate you for the incredible effort that you put into this thread. These results are an "acid test" for this method (using only one lot an letting them close at stop or at target 1) and the definite proof that it works.
Your consistency, the rigorous way in which you test your hypothesis (the 4 hr fozzy), the way in which you support newbies, and skeptics and flip-floppers (include me in that shameful category) is laudable.

I do not know exactly where i want to go with this post. But Beach Bum... thank you for keeping this thing going.

Ignored

Quoting alcastro

Disliked

Awwwww...just when i was about to ask for the backtest on 13 additional pairs!!!!!!!!

Ignored

Quoting BeachBum

Disliked

cool and cmartin..............

If you guys think the praise will get me to do this same excercise for every currency pair, please read the above headline...............

Everybody needs to do their own homework.....................

Ignored

Quoting Brolin69

Disliked

Can someone tell me if there is a Fozzy indicator that shows the day the cross was made, and can you post it>thanks
Im using the simple SMA and RSI, but i want to try somenthing new.
Thanks guys

Ignored

Quoting BeachBum

Disliked

As promised, I have prepared a list showing the "possible" trades that correspond with the information in my post #2245. These trades are in harmony with my previous statement in that post:

Date Buy/Sell Open Close Lose T/P 1 T/P2

6/6/06 S 1.2834 1.2734 60 100
6/14/06 B 1.2598 1.2652 60
6/20/06 B 1.2580 1.2680 60 100
6/22/06 S 1.2579 1.2479 60 100
.....

Ignored

Quoting tomas926

Disliked

Hi Beach,

First of all I would like to thank you for your incredibly helpful contributions. I was trying to reproduce your results that you posted few days ago. I thought that I can get similar results since you said that they were 100% mechanical and I use the same broker (FXDD). But instead I only got about 400pips on EUR/USD for the whole year (01/06/2006 to 01/06/2007) using exactly the same method as you did (FozzySignal_ALL indicator, S/L 40, TP1 60, TP2 100). So I examined my trades and compared them to ones that you posted and found several differences. It looks like that even that we have the same broker, the chart is slightly different. It looks like you get a sunday candle on your chart. I have no sunday candle on my FXDD demo account. I also get late or no cross at all in some cases when I compare your backtesing results with my chart. In just the first 4 trades, I got one signal that was the same as yours but the next 3 signals were different. See attached chart. I highlighted the bars where you did get the signal but there was no signal on my chart, or there was late signal that resulted in loss. I also compared my chart to the one JoshDance posted #2297 and it is exactly the same. How come your chart looks little bit different when we use the same broker?

Tomas

Ignored

Quoting BeachBum

Disliked

OK...........I don't why there is a diference. I'm posting a screenshot of my chart that corresponds with yours. I use FXDD broker data. I use the AO_FozzySignalALL indicator prepared by miscon777 and posted early in this thread. That's all I know to tell you. If you can figure this out.....great. This is probably why JoshDance challenged my first post on this project and maybe it explains why my Fozzy trades seem to be above average. In fact, I'll post the indicator I use in a following post; you can look at the code and play with it, maybe you'll see something. All the best!

Ignored

Quoting Bytebodger

Disliked

I just want to point out for anyone following this backtesting mini-drama that we are all employing manual backtesting methods. In other words, we are all scrolling our charts back to a given point in time and then eyeballing the indicators in an attempt to figure out which trades would have been made and how they would have performed.

This whole process highlights the fact that backtesting is ultimately best done by each individual who is interested in a particular trading method. This is necessary even if you're doing automated backtesting - but it's more imperative if you're doing manual backtesting.

BeachBum is a senior member of this forum and he constantly implores newbies (myself included) to do their OWN backtesting. I don't profess to speak for BB, but I'm very certain that he doesn't keep prodding you to do your own backtests because he is trying to hide some secret knowledge from you. Nor is he trying to browbeat you into doing manual labor merely because he had to do this labor on his own and he now wants to see everyone else suffer through the same process. Rather, he's trying to get you to explore the process on your own because, ultimately, anyone else's results are not directly applicable to your own trading situation.

I guarantee that if 10 of us do 10 extensive backtests on the fozzy method on EURUSD for the last year, we will come up with 10 very different results. We've already seen at least 3 of us post 3 very different results. I did my own tests, and they were profitable, but they did not mirror BB's.

Doing a manual backtest is an exercise in showing potential paths that could have been followed in the past. What BB did with his backtest was to show three possible path that could have been followed using the fozzy method - but there are many more. The fozzy method is sufficiently vague that there are many other paths that could have been followed - all under the "fozzy method". The best way to see your potential path under the fozzy method is to do your own backtests.

As is evident from my previous posts, I have now become convinced that the fozzy method is a reasonable basis upon which you can create a profitable system. I emphasize "basis" because I firmly believe that it is possible to consistently make - or lose - money with the fozzy method depending upon your individual application of the system. This is why it's so imperative to do your own backtests.

Ignored

Quoting BeachBum

Disliked

Hello tomas............

First: please don't misunderstand me, but I do not have a lot of time for dialogue with anybody about this project. It took me a long time to put this together and now I need to move on to other Fozzy projects which I will post here as appropriate.

OK...........I don't why there is a diference. I'm posting a screenshot of my chart that corresponds with yours. I use FXDD broker data. I use the AO_FozzySignalALL indicator prepared by miscon777 and posted early in this thread. That's all I know to tell you. If you can figure this out.....great. This is probably why JoshDance challenged my first post on this project and maybe it explains why my Fozzy trades seem to be above average. In fact, I'll post the indicator I use in a following post; you can look at the code and play with it, maybe you'll see something. All the best!

Ignored

Quoting jgimene1

Disliked

Hello to all Fozzy Traders.

Firstly, I would like to thank Fozzy of course and all the generous and smart people who have posted here such as BB and Wilf, just to name a few.

I have read the entire thread twice and I am testing the strategy on an Fxdd demo account. I do trade a real account at Fxdd but only trade a new strategy under real markets conditions after three successful consecutive winning months on demo.

I am posting today as many of us seem to be confused by the different signals of the many indicators posted since this thread was started. I hope that this will help.

After looking closely at BB’s backtest Eur/Usd, I think the difference between BB and Thomas is that BB’s Buy/Sell date is the date of the cross or signal generated by the last indicator he posted. On the other end, Thomas signal shows the actual date when the position was entered, so if shows as one day after. Other than that, it seems to match. However, I do get different results than BB because of different candles and data.

To try to get to the bottom of this and make sure signals are correct, BB I am kindly asking you to confirm that the chart you posted with the signals from june 06 is from an Fxdd demo and not live account. This could explain discrepancies.

A logical explanation may be that we connect to different demos servers. Fxdd seems to have three: FXDD-FXDD MetaTrader 4 Demo Server, FXDD-MetaTrader 4 Demo Server, FXDirectDealer-MT4 DEMO Server. I am on the 1st one, which one are you on BB?

Also are you using SMA or EMA (it seems to be SMA)? This will create a slight difference in the crosses but obviously it has nothing to do with Fxdd’s data.

Thanks and good trading to all.

Jgimene1

Ignored

Quoting jgimene1

Disliked

Hello to all Fozzy Traders.

Firstly, I would like to thank Fozzy of course and all the generous and smart people who have posted here such as BB and Wilf, just to name a few.

I have read the entire thread twice and I am testing the strategy on an Fxdd demo account. I do trade a real account at Fxdd but only trade a new strategy under real markets conditions after three successful consecutive winning months on demo.

I am posting today as many of us seem to be confused by the different signals of the many indicators posted since this thread was started. I hope that this will help.

After looking closely at BB’s backtest Eur/Usd, I think the difference between BB and Thomas is that BB’s Buy/Sell date is the date of the cross or signal generated by the last indicator he posted. On the other end, Thomas signal shows the actual date when the position was entered, so if shows as one day after. Other than that, it seems to match. However, I do get different results than BB because of different candles and data.

To try to get to the bottom of this and make sure signals are correct, BB I am kindly asking you to confirm that the chart you posted with the signals from june 06 is from an Fxdd demo and not live account. This could explain discrepancies.

A logical explanation may be that we connect to different demos servers. Fxdd seems to have three: FXDD-FXDD MetaTrader 4 Demo Server, FXDD-MetaTrader 4 Demo Server, FXDirectDealer-MT4 DEMO Server. I am on the 1st one, which one are you on BB?

Also are you using SMA or EMA (it seems to be SMA)? This will create a slight difference in the crosses but obviously it has nothing to do with Fxdd’s data.

Thanks and good trading to all.

Jgimene1

Ignored

Quoting jeqcho

Disliked

Hi,

I modified one of indicators I got from this thread.
It shows an arrow either above a bar or below whenever Fozzy cross occurs.
Thought it might help some ppl.

David

Ignored

Quoting Angler

Disliked

hi..

Just a gripe if I may...is it really needed to keep using the quotes...looking at this last page or so was used up mainly by quotes its a total waste of forum space unless you want to reply to something specifically said...not the whole post...geeez.......just name the trader in your post and quote the post number if you want to reference the whole thing...but not quote after quote after quote...

now I have said my peace...

Ignored